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he met with john boehner yesterday. their first face to face meeting in more than three weeks. today, the president will visit a detroit engine factory. the president's meeting with john boehner did not yield a breakthrough, but the men did agree on one thing. they'll keep their negotiations behind closed doors. they released a statement saying this. this afternoon, the president and speaker boehner met at the white house to discuss efforts to resolve the fiscal cliff. we are not reading out the details of the conversation, but the lines of communication remain open. dan lothian is at the white house. how telling is it that the statements were identical from both the president and speaker boehner? >> it shows that both sides agree on something and that is that they're not going to continue to have this debate play out in front of the cameras, harsh rhetoric going back and forth. but instead, will do it in private and i think that's very telling. certainly, we don't know what happened in that meeting because neither side getting any details. perhaps they did have a breakthrough
he met with john boehner yesterday. their first face to face meeting in more than three weeks. today, the president will visit a detroit engine factory. the president's meeting with john boehner did not yield a breakthrough, but the men did agree on one thing. they'll keep their negotiations behind closed doors. they released a statement saying this. this afternoon, the president and speaker boehner met at the white house to discuss efforts to resolve the fiscal cliff. we are not reading out...
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Dec 13, 2012
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something that boehner has been doing a lot of. let me explain how deficits between revenue and spending are mathematical and it's ridiculous and insulting to the intelligence to suggest that it is one or the other. the you want to balance the books, you spend less or bring in more. that's it. you can't make the argument that one or the other is the problem. every time he said it it's more and more ridiculous. i will complete his equation and tell you the truth where the politicians fall short. look at the bush era tax cuts that started in 2001 on the national debt. we projected it out to 2019, the big blob on the top. beige or butterscotch color. that's the bush era tax cuts and part of what is expected to be massive debt. that is the single biggist part of it, bigger than the cost of the wars or the economic downturn or t.a.r.p. or the cost of the bailouts of fannie mae and freddie mac and to all the measures to combat the crisis combined. i can't tell you whether we have a tax or a revenue problem, we have a math problem and it
something that boehner has been doing a lot of. let me explain how deficits between revenue and spending are mathematical and it's ridiculous and insulting to the intelligence to suggest that it is one or the other. the you want to balance the books, you spend less or bring in more. that's it. you can't make the argument that one or the other is the problem. every time he said it it's more and more ridiculous. i will complete his equation and tell you the truth where the politicians fall short....
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Dec 8, 2012
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but we've already hurt the economy and hurt -- >> are you with boehner? >> i'm not with boehner. this guy doesn't need more money. >> we doubled spending. >> well, we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax reform. >> when you say compromise, where are you ready to compromise, as far as taxes are concerned. >> well, how we go about tax reform, there's a lot of room to work together. >> lower the rats. i'm not sure where the democrats are. th they have not offered the plan. >> they keep the bush tax rates. the top two percent let them go from 35% to 39.6%. >> it's incredible to me we're already talking about it. it runs the government for five or six days. >> but at the beginning, every billionaire winds up being real money. >> but the president has known about this so-called cliff for over a year. and it's yet to present a plan that reduces our deficit. i'm willing to work with anyone who's willing to put a plan on the table. but our party, or anyone, should not
but we've already hurt the economy and hurt -- >> are you with boehner? >> i'm not with boehner. this guy doesn't need more money. >> we doubled spending. >> well, we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax reform. >> when you say compromise, where are you ready to compromise, as far as taxes are concerned. >> well, how we go about tax...
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Dec 6, 2012
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boehner's trying to mitigate that mess. i wish him luck. something's going to f to have to give. >> from everything i've heard is that we are realistically, there's two options for country. one, go over the cliff. the other, extend the bush tax cuts for the 98% of americans. everyone who makes under $200,000 a year if they're single. those seem to be the two choices. between those, which do you pick? >> but, if we do that and raise the taxes on those small businesses we were just talking about, according to the congressional budget office, that's going to be about 200,000 american families are going to be out of work next year and that's the low estimate. young is estimating about 700,000 more unemployed. that's a lot of hurt for the middle class, so this is a battle for the middle class even when we're talk iing about that upper bracket because of the enormous impact that has on small business job creators. >> okay. i mean, aside from that argument though, i'm really trying to just get at the process here. it seems that there isn't that mu
boehner's trying to mitigate that mess. i wish him luck. something's going to f to have to give. >> from everything i've heard is that we are realistically, there's two options for country. one, go over the cliff. the other, extend the bush tax cuts for the 98% of americans. everyone who makes under $200,000 a year if they're single. those seem to be the two choices. between those, which do you pick? >> but, if we do that and raise the taxes on those small businesses we were just...
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Dec 5, 2012
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the president has had his picture with speaker boehner. but look, the important thing as you say is to get everybody together. now, the president's plan is very clear. he spells out exactly how he's going to get the revenue and he's very detailed about the cuts. what we would like to see is a similarly detailed plan from speaker boehner. as the president said, when you look at the revenue number they propose, for example, they don't tell you how they do the math. so in addition to being not enough revenue, not even as much revenue as is imbedded in the bipartisan simpson-bowles plan but in addition to not being enough, they don't tell you how to get it. when it comes to cuts, the president has also spelled out his cuts and it would be very useful if our republican colleagues would spell them out so we could see where they might match up and where they don't. >> congressman, thank you for joining me. >> thank you. thanks, piers. >>> coming up, a man familiar with washington battles that go down to the wire. former speaker newt gingrich who
the president has had his picture with speaker boehner. but look, the important thing as you say is to get everybody together. now, the president's plan is very clear. he spells out exactly how he's going to get the revenue and he's very detailed about the cuts. what we would like to see is a similarly detailed plan from speaker boehner. as the president said, when you look at the revenue number they propose, for example, they don't tell you how they do the math. so in addition to being not...
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boehner said no way. and then tom cole said boehner should not offer a counterproposal to the fiscal cliff deal the president presented. boehner offered a proposal yesterday. i asked cole if he's frustrated with john boehner. >> no, not in the least. look, i support the speaker. and we're actually not very far apart on anything. and, you know, at the end of the day, he's going to negotiate a deal. it will probably be a challenging vote for a lot of people. i always support him. i would expect i will again and try and persuade others. just to be clear, i'm not for raising taxes on anybody. i think it's a mistake. i think all republicans believe that. however, you have to recognize the reality that at the end of the month, tax rates for every american that pays income tax are going to go up. so there is an area that we do agree with the president on. that is 98% of the american people, getting about 80% of this tax cut shouldn't have their taxes raised. so my suggestion -- it was delivered, by the way, in p
boehner said no way. and then tom cole said boehner should not offer a counterproposal to the fiscal cliff deal the president presented. boehner offered a proposal yesterday. i asked cole if he's frustrated with john boehner. >> no, not in the least. look, i support the speaker. and we're actually not very far apart on anything. and, you know, at the end of the day, he's going to negotiate a deal. it will probably be a challenging vote for a lot of people. i always support him. i would...
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Dec 11, 2012
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house speaker john boehner said his plan cuts $2.2 trillion over 10 years. think about $16 trillion. that's how much debt this country has and according to bill gross, the man who runs the world's biggest bond fund, the guy that decides to lend money to the united states and how much we have to pay to borrow, says we have to cut spending or raise taxes by 11% of gdp over next 10 years and according to gross that's $1.6 trillion a year. that is, let's just make this clear, $1.2 trillion a year more than the president proposes and $1.38 trillion a year more than john boehner has offered. yeah. peanuts. i recently spoke with erskine bowles, the bowles in simpson-bowles and even he agreed that bill gross is right. >> absolutely. he's 100% right. i don't know if 16's number but i would be happier at $5 trillion or $6 trillion because that's what we need to solve the problem long term. >> those are big numbers. bilg gross will be with us in a moment. i want to bring in john avalon right now. this is what i find incredible we are getting so focused on the deal and
house speaker john boehner said his plan cuts $2.2 trillion over 10 years. think about $16 trillion. that's how much debt this country has and according to bill gross, the man who runs the world's biggest bond fund, the guy that decides to lend money to the united states and how much we have to pay to borrow, says we have to cut spending or raise taxes by 11% of gdp over next 10 years and according to gross that's $1.6 trillion a year. that is, let's just make this clear, $1.2 trillion a year...
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Dec 8, 2012
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. >> outfront next, john boehner says the sprt slow walking to the edge of the fiscal cliff. but the house speaker did give us one flash of hope if you listen to his words very carefully. the u.s. is updating its military plans against syria as new intelligence shows assad's regime is loading sarin gas into bombs. and president obama's pot problem. let's go "outfront." >>> i'm tom foreman in for erin burnett. outfront tonight, the magic number after a whole week of harsh words here in washington and threats to, did house speaker john boehner hint ever so slightly at a compromise today that could finally edge us away from the dreaded fiscal cliff? it comes down to tax rates. this is a huge sticking point in the stalled negotiations between the president and mr. boehner. obama says the top rate on household income above $250,000 should rise from 35% to 39.6%. boehner wants the rate to stay at 35% or even lower. but what about meeting in the middle? around 37%? listen carefully to the speaker when he was asked today whether that rate could be the answer to this impasse. >> there
. >> outfront next, john boehner says the sprt slow walking to the edge of the fiscal cliff. but the house speaker did give us one flash of hope if you listen to his words very carefully. the u.s. is updating its military plans against syria as new intelligence shows assad's regime is loading sarin gas into bombs. and president obama's pot problem. let's go "outfront." >>> i'm tom foreman in for erin burnett. outfront tonight, the magic number after a whole week of...
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a year ago, eric cantor was measuring the curtains in boehner's office, but i think now, boehner knows he's just got to get this done, suffer through, the republicans will take the hit if this doesn't happen and they don't need that kind of bad press. it will just make obama all the more powerful heading into his reinauguration. >> all right. both of you guys seem glass half-fullish on this. bottom line, ron first, deal or no deal? >> bottom line, i don't think the president wants to go over the cliff, because he'll be giving an inaugural address with the country in fiscal shambles. and the president still is the commander in chief, the leader of our country. and if he presides over this, a lot of mud is going to splash up on him too. i think we'll be able to get this deal done, but, again, the devil's in the details. >> tight on time, jason, deal or no deal? >> we're going to get a deal, right at the end of the year, everyone's happy, unemployment will keep coming, and we will not hit the fiscal cliff. >> all right, gentleman, thank you for your insight. we'll see if there'll be a dea
a year ago, eric cantor was measuring the curtains in boehner's office, but i think now, boehner knows he's just got to get this done, suffer through, the republicans will take the hit if this doesn't happen and they don't need that kind of bad press. it will just make obama all the more powerful heading into his reinauguration. >> all right. both of you guys seem glass half-fullish on this. bottom line, ron first, deal or no deal? >> bottom line, i don't think the president wants...
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any word on what speaker boehner might say later this morning? >> reporter: well as you said he's meeting with his house republican conference, all the rank and file republicans, as we speak in the room literally right next door to where i am right now. we're going to see our reporting we're going to see what the mood of the republican caucus is, where they stand, because as you know, a big part of the dynamic here that we've been talking about for weeks is the fact that boehner really is a bit ham strung because many in his caucus, most in his caucus really do not want him to give on that big divide over raising tax rates for the wealthiest americans, so we're going to see if there's any give on that in his caucus and of course, what he's going to do here is probably a lot of public posturing, which we heard yesterday and the day before that and the day before that, but got to read between the lines on the public posturing so we'll tell you what happens. >> public postures in washington? never. >> reporter: i know, who knew? >> dana, thank you.
any word on what speaker boehner might say later this morning? >> reporter: well as you said he's meeting with his house republican conference, all the rank and file republicans, as we speak in the room literally right next door to where i am right now. we're going to see our reporting we're going to see what the mood of the republican caucus is, where they stand, because as you know, a big part of the dynamic here that we've been talking about for weeks is the fact that boehner really is...
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that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal cliff. let's scoot over to the president. easy merging from that meeting with the washington business leaders. let's see what he has to say. >> jim, thanks for your leadership. you know, originally my team had prepared some remarks, they always get nervous when i'm out there on my own, never know what i might say. but given the dialogue that we had the last time, i thought it was useful for me to abbreviate my remarks, speak off the cuff at the top and then most of the time just having a conversation. let me begin by saying all of you in this room are not just business leaders, not just ceos of your companies but you're also economic leaders and thought leaders in this country and i recognize that all of you have an enormous investment not only in your own companies but in the well-being of america. there are a lot of patriots in this room and people who care deepl
that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal cliff. let's scoot over to the president. easy merging from that meeting with the washington business leaders. let's see what he has to say. >> jim, thanks for your leadership. you know, originally my team had prepared some remarks, they always get nervous when i'm...
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. >> john boehner made a point at expressing dismay the president hasn't responded two days after the republicans sent him a fiscal cliff counteroffer. >> if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress. and a plan that can pass both chambers of congress. >> by trying to keep gop frustration on the president, boehner appears to be keeping conservative lawmakers off his own back for now. >> what's mood inside the conference. >> very united, very supportive with the speaker. >> multiple sources tell cnn in a private meeting with house republicans, boehner got no flow back for producing $800 billion in tax revenue, despite backlash from conservative groups outside congress. >> any complaints about this new revenue? >> i didn't hear anything. >> the speaker has full support of the conference to move forward and get something done for the american people. >> so far, rank and time republicans are allowing boehner to play out this showdown, trying to look reasonable while the president is intransigent. especially si
. >> john boehner made a point at expressing dismay the president hasn't responded two days after the republicans sent him a fiscal cliff counteroffer. >> if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress. and a plan that can pass both chambers of congress. >> by trying to keep gop frustration on the president, boehner appears to be keeping conservative lawmakers off his own back for now. >>...
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john boehner has to go back to his caucus and sell this. getti the president is not putting forward an offer and he's right p. the white house is playing a weird game. but these guys don't understand the polling is against them. the facts are against them and election has been won. top 2% will pay more tax. end of story. >> and i didn't hear the speaker address that 75% say the top 2%, take it off the table. thank you. great you stayed around. appreciate it. >>> also remember to keep your tweets coming into us because we will keep ali on the hot seat to answer your questions. tweet me with all your personal questions when the fiscal cliff and the things that you're concerned for your own personal economy. ls ♪ ♪ all seem to say throw care away ♪ ♪ from everywhere, filling the air ♪ [ female announcer ] chex party mix. easy 15-minute homemade recipes you just pop in a microwave. like caramel chocolate drizzles. happier holidays. chex party mix. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for
john boehner has to go back to his caucus and sell this. getti the president is not putting forward an offer and he's right p. the white house is playing a weird game. but these guys don't understand the polling is against them. the facts are against them and election has been won. top 2% will pay more tax. end of story. >> and i didn't hear the speaker address that 75% say the top 2%, take it off the table. thank you. great you stayed around. appreciate it. >>> also remember to...
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even though president obama and john boehner chatted by phone, there's no deal. republicans are not amused. >> incredibly many top democrats including the president seem perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two sides will make a deal and have moved to plan b. a retired teacher in utah has put off plans to get a new car. brian chandler, a data manager in atlanta is delaying buying a house despite needing space for a second kid due any day now and several families are shrinking the gift pile beneath the christmas tree this year. how about you? are you prepared if the nation goes off the fiscal cliff? facebook.com/carolcnn. facebook.com/carolcnn. your responses later this hour. >>> it's going to take massive amount of money to help the northeast recover from sandy. some $36 billion in new jersey alone. and now it's governor chris christie pushing the federal government to pick up 100% of that cost. if you are one of the m
even though president obama and john boehner chatted by phone, there's no deal. republicans are not amused. >> incredibly many top democrats including the president seem perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two sides will make a deal and have moved to plan b. a retired teacher in utah has put off plans to get a new car. brian chandler, a...
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go to house speaker john boehner. he is offering $800 billion in increased revenue. he also wants much deeper cuts in entitlements and $800 billion in other cuts many spending. we've got reporters -- i want to start off with you. dana bash on the hill. a standoff here, republicans essentially saying, look, the president is not being reasonable here, and then you have the white house saying this is magic beans and fairy dust. is this a lot of posturing here? are we really at an impasse? >> yes to both of those questions. there is a lot of post urg, but we do seem to be at an impasse. i want to show our viewers some video that will illustrate just what we're talking about. that is pictures of members of the house of representatives leaving for the week, and now, i don't want tower viewers to get concerned. the calendars on the desk tops are not wrong. it is still wednesday. this did happen at noon on wednesday. it would be nice if all of us could do that, but -- >> yeah, really. >> this is not an accident. republican leaders say that they just simply have nothing to vo
go to house speaker john boehner. he is offering $800 billion in increased revenue. he also wants much deeper cuts in entitlements and $800 billion in other cuts many spending. we've got reporters -- i want to start off with you. dana bash on the hill. a standoff here, republicans essentially saying, look, the president is not being reasonable here, and then you have the white house saying this is magic beans and fairy dust. is this a lot of posturing here? are we really at an impasse? >>...
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that's why most lawmakers are not boxing boehner in. would you go for that? >> i think we have to look at the whole package and as i've said, let's leave everything out here. >> reporter: now, boehner said publicly he is still optimistic about getting a deal done but privately in that meeting with house republicans today, several lawmakers came out and told us that the speaker told them not to make any plans for christmas. wolf? >> does that mean all 435 members of the house, 100 senators are going to be told to stay here during that christmas week leading up to new year's? >> reporter: it is entirely possible. what leaders have done in the past, even as recently as last week, is sent home rank and file members while the leaders stayed and negotiated. but as we get closer to the holidays, it's entirely possible, even maybe probable that they will keep everybody here in case they actually do get a bill and they will be able to pass it fast. we know that when things move, they actually move very quickly and en there's a will to get out of here, particularly as
that's why most lawmakers are not boxing boehner in. would you go for that? >> i think we have to look at the whole package and as i've said, let's leave everything out here. >> reporter: now, boehner said publicly he is still optimistic about getting a deal done but privately in that meeting with house republicans today, several lawmakers came out and told us that the speaker told them not to make any plans for christmas. wolf? >> does that mean all 435 members of the house,...
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these negotiations are between two men, house speaker john boehner and the president. and once those two men agree, then they will take it to their folks. >> all right. kate balduan, live in washington. thank you. >> thanks, guys. >>> all right, recreational pot is now legal in washington state under a new law which took effect at midnight. adults can possess up to an ounce of marijuana legally. it's still against the law to grow pot or to sell it. but those celebrating the new normal are accentuating the positive. >> it's amazing. i'm not a criminal anymore. i can't go to jail for small amounts of marijuana, you know? it's -- i'm free to be free. >> the new law doesn't allow smoking in public places, just like alcohol, but police in seattle and across the state made an exception for overnight celebrations to ring in this new law. >>> so it's another public relations problem for penn state. the school's kai omega sorority is under investigation for stereotype i stereotyping latinos. pictures showed the sorority members in somberos with fake mustaches with signs that sa
these negotiations are between two men, house speaker john boehner and the president. and once those two men agree, then they will take it to their folks. >> all right. kate balduan, live in washington. thank you. >> thanks, guys. >>> all right, recreational pot is now legal in washington state under a new law which took effect at midnight. adults can possess up to an ounce of marijuana legally. it's still against the law to grow pot or to sell it. but those celebrating the...
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only 25% they say, you know, say the same for boehner. we do have one more poll, this is really the big kahuna, shows 65% believe the voters gave the president a mandate to raise tax rates on the wealthy. so dana bash, given all of that, do we have any idea what the republican calculus is here and apparently hardening now their position on the taxes? >> reporter: i'm not really sure if in reality their position is hardening on raising -- or keeping tax cuts in place for the wealthiest americans. it may have been on paper in the proposal, certainly departments are using that today. that is the story line of the day. democrats are using it politically against republicans. but i talked to so many republicans, trent franks is one of them, who kind of shrugged their shoulders and say they understand that they don't have leverage as you just illustrated in that poll that the democrats have leverage, for a number of reasons, whether it is the amount of -- that the president won by, politically, or just the substance of this argument, the democra
only 25% they say, you know, say the same for boehner. we do have one more poll, this is really the big kahuna, shows 65% believe the voters gave the president a mandate to raise tax rates on the wealthy. so dana bash, given all of that, do we have any idea what the republican calculus is here and apparently hardening now their position on the taxes? >> reporter: i'm not really sure if in reality their position is hardening on raising -- or keeping tax cuts in place for the wealthiest...
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boehner says $800 billion. in the olden days they would just split the different at 1.2 trillion, come up with some number in between. is that likely this time? >> well, that's the number that has been banting around. it does seem like an obvious ending point for the president on revenue. but the speaker is looking, don't forget, for a different number on cuts. what will the president do on spending cuts. and today senator daughter bin said thdurbin would not be ableo increase the retirement age from medicare and that was something of a blow for the gop. they were surprised to hear that. the white house in the briefing said that's not true. that's not a position the white house has ado. so different sides on that position. probably speaker boehner will want to hear what the president has to say on that, wolf. >> thanksery much. stay on top of i and let us know when you hear from speaker boehner. >>> the other top story we're following right now, the bombshell announcement a little while ago that susan rice is w
boehner says $800 billion. in the olden days they would just split the different at 1.2 trillion, come up with some number in between. is that likely this time? >> well, that's the number that has been banting around. it does seem like an obvious ending point for the president on revenue. but the speaker is looking, don't forget, for a different number on cuts. what will the president do on spending cuts. and today senator daughter bin said thdurbin would not be ableo increase the...
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he says then -- seems to be where boehner is now. raise tax revenue capping deductions, limiting loopholes, not raising tax rates. >> if you listen to the president's entire statement he said as part of a larger tax reform proposal. the fact is you can't get the revenues that are necessary simply by eliminating deductions, unless you want to whack the middle class, and that's not something we can afford to do now. let's also make the point, wolf, that everyone in america will benefit if we extend the tax cuts for, incomes under $250,000. you get the tax cut the first $250,000. but if we're going to deal with the debt problem, we have to do it in a balanced way. raising rates is part of what we need to do. >> one of the things republicans would tell you, when we created the bush tax cuts for everyone, including the wealthy, government revenues went up from 1.8 trillion to 2.5 trillion. >> 2001 and 2003? >> over a four-year period after bush tax cuts were put in place. why not stay with that, keep the economy growing. that's $700 billi
he says then -- seems to be where boehner is now. raise tax revenue capping deductions, limiting loopholes, not raising tax rates. >> if you listen to the president's entire statement he said as part of a larger tax reform proposal. the fact is you can't get the revenues that are necessary simply by eliminating deductions, unless you want to whack the middle class, and that's not something we can afford to do now. let's also make the point, wolf, that everyone in america will benefit if...
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house speaker john boehner expected to meet with reporters in an hour. the event comes with just 25 days until that fiscal cliff deadline. both sides of the aisle resumed talks thursday. first time that's happened all week. and comes and comes one day after president obama and speaker boehner talk bid telephone. >>> in japan a tsunami warning has been lifted. a 7.3 magnitude quake struck at sea 300 miles from tokyo. a small tsunami was triggered while a building shook in the capital city. happened almost in the same area along the northeastern coast devastated by a earthquake two years guy. >>> attorneys for george zimmerman are suing nbc universal for characterization of him in reporting on the trayvon martin shooting death. lawsuit claims nbc edited 911 recordings to make it appear that zimmerman was racist. nbc says it disputes the accusations and plans to defend itself in court. >>> on every flight, you have to power down your gadgets before takeoff and landing. but -- could that be changing? you might be surprised who is leading the charge. [ nyquil
house speaker john boehner expected to meet with reporters in an hour. the event comes with just 25 days until that fiscal cliff deadline. both sides of the aisle resumed talks thursday. first time that's happened all week. and comes and comes one day after president obama and speaker boehner talk bid telephone. >>> in japan a tsunami warning has been lifted. a 7.3 magnitude quake struck at sea 300 miles from tokyo. a small tsunami was triggered while a building shook in the capital...
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>> i'm not with boehner. this government doesn't need anymore money. this country needs less government. we're going to have historic levels of revenue to the government this year. >> everyone's taxes are going up at the end of the year if there's no deal. >> we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax reform. >> when you say compromise, where are you ready to compromise as far as taxes are concerned? >> how we go about tax reform, there's a lot of room to work together to lower the rates. >> give me an example? >> i'm not sure where the democrats are because they have not offered a plan. >> their plan is to keep the bush tax rates from 2001, 2003 forever. make them permanent. top 2% let them go from 35% to 39.6%. >> it's incredible we're even talking about it because it doesn't solve the problem. >> it's a beginning. >> it runs the government for five or six days. >> but it's a beginning. a billion here, a billion there winds up being
>> i'm not with boehner. this government doesn't need anymore money. this country needs less government. we're going to have historic levels of revenue to the government this year. >> everyone's taxes are going up at the end of the year if there's no deal. >> we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax reform. >> when you say compromise, where are you...
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because even if they do, can john boehner deliver? >> well, it's a question, if he doesn't have a revolt on his hands. so far, outside conservative groups are saying don't touch those rates. but inside the republican caucus right now, they're remaining pretty silent. and the democrats, the president has the same problem in many ways than john boehner has. because he's going to lose a lot of his base -- >> if there's entitlement cuts. >> if there's entitlement cuts. and john boehner is going to lose a lot of his base if you raise tax increases. so both of these men are in the same political position, if you will. the president clearly has more leverage, won the election. but this is not without political risk for both of them. after all, isn't that what leadership's about sometime, taking a political risk? >> but we'll see, this is a critical week, this week right now. gloria, thanks very much. >>> we're also getting word of a big move by the national republican party. they're trying to understand why so many of their candidates lost t
because even if they do, can john boehner deliver? >> well, it's a question, if he doesn't have a revolt on his hands. so far, outside conservative groups are saying don't touch those rates. but inside the republican caucus right now, they're remaining pretty silent. and the democrats, the president has the same problem in many ways than john boehner has. because he's going to lose a lot of his base -- >> if there's entitlement cuts. >> if there's entitlement cuts. and john...
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>> you just played a bite from speaker boehner saying, look, show us a little leg here, democrats, on those -- on those spending cuts and this is what he's talking about. take a look at this. the white house says, they're willing to do $350 billion in health savings. and the republicans are almost double that, what that includes from the republican party is increasing, for example, the eligibility age from medicare. say instead of it being 65 it might go up to the age of 67 or changing the way we calculate then crease in social security benefits. these are things that the president has been willing to talk about in the past. the republicans want them to talk about it first, right now, before they sign on to any rate increase. so we're back in the situation of who gives first, which is why these talks are going to have to come down to the president and john boehner in a room with a closed door, okay, because that's the only way they're going to get to do it. >> we'll see who gives a little leg. gloria, thank you. >>> former president carter put solar panels on the white house when he w
>> you just played a bite from speaker boehner saying, look, show us a little leg here, democrats, on those -- on those spending cuts and this is what he's talking about. take a look at this. the white house says, they're willing to do $350 billion in health savings. and the republicans are almost double that, what that includes from the republican party is increasing, for example, the eligibility age from medicare. say instead of it being 65 it might go up to the age of 67 or changing...
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the president meeting face to face with speaker boehner yesterday. and talking to our chief white house correspondent basically the status of those discussions is sitting at a stalemate. back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me work my strategies, tdd#: 1-800-345-2550 spot patterns and find opportunities more easily. tdd#: 1-800-345-2550 then, when i'm ready... act decisively. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 with the exact same tools, the exact same way. tdd#: 1-800-345-25
the president meeting face to face with speaker boehner yesterday. and talking to our chief white house correspondent basically the status of those discussions is sitting at a stalemate. back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i...
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. >> so that was speaker boehner obviously flanked by republicans. we'll get you that sound bite from the president because i want to make sure you hear both sides. here is the question i'm hearing people ask. if we go off the cliff here, how big of a hit will we take on taxs? stand by because i'm good to give you the closest answer i possibly can. to help me with that is laurie montgomery, the fiscal policy reporter for the washington post. so, laurie, welcome to you here. and your paper this morning, you ran through a couple of tax scenarios which were pretty palletable so we want to show our view whaeers what you ran through. let me run through two. we'll look at this first one. so everybody take a look at this graphic. this is scenario number one, married couple, two kids, one in college, combined income of $137,000. you see the numbers here first under the democrats' plan, passed by the senate, not by the house, they would see their taxes rise 2500 bucks a year. just below that, the republican plan, passed by the house in august, would raise the
. >> so that was speaker boehner obviously flanked by republicans. we'll get you that sound bite from the president because i want to make sure you hear both sides. here is the question i'm hearing people ask. if we go off the cliff here, how big of a hit will we take on taxs? stand by because i'm good to give you the closest answer i possibly can. to help me with that is laurie montgomery, the fiscal policy reporter for the washington post. so, laurie, welcome to you here. and your paper...
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deal, outlining what he calls "deliberate and frank talks with president obama" house speaker john boehner says both sides remain far apart. joining me is cnn analyst roland martin and cnn contributor will cain. to roland first. is this a real stalemate or is this all about posturing? >> it's a real stalemate. obviously republicans who clearly do not want to raise taxes on anybody, the president's made it perfectly clear that i won, i have a mandate and we are not going to continue doing this. also keep in mind the bush cuts contributed to our deficit so it's interesting to hear folks say we should continue them but they didn't say let's cut the deficit when they contribute it according to the cbo. i think the president certainly has more referage on his side and republicans know it and trying to hold out as best as they can. in the end he'll get his wish. >> who is going to blink first? will this is for you. seems like americans aren't interested in lawmakers digging in. look at the poll. this is what a new nbc/"wall street journal" poll shows the first time the majority of republican vot
deal, outlining what he calls "deliberate and frank talks with president obama" house speaker john boehner says both sides remain far apart. joining me is cnn analyst roland martin and cnn contributor will cain. to roland first. is this a real stalemate or is this all about posturing? >> it's a real stalemate. obviously republicans who clearly do not want to raise taxes on anybody, the president's made it perfectly clear that i won, i have a mandate and we are not going to...
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so speaker boehner knows a caucus, a serious, mature sober leader. he knows what his principles are. he's a principled conservative, a mainstream businessman and knows what the issues are. the house should and is largely trusting him. >> and what do you think about that, hilary? should the democrats trust the president to close the deal behind closed doors? >> i think democrats mostly trust the president. i don't know what mary's talking about that the president has dragged his heels. he's been trying to get congress to deal with this issue for months and months. but having said that, neither of these guys i think have the full faith and credit of their caucuses to do anything and that's what is taking so long. no democrats are pressing on the president to be careful on what he cuts on entitlements and folks like me would like to make sure that the defense cuts, you know, are substantially a part of this package. republicans, you know, are making a big deal out of that top 2% tax rate and so they both, i think, have a good sense of how far they can g
so speaker boehner knows a caucus, a serious, mature sober leader. he knows what his principles are. he's a principled conservative, a mainstream businessman and knows what the issues are. the house should and is largely trusting him. >> and what do you think about that, hilary? should the democrats trust the president to close the deal behind closed doors? >> i think democrats mostly trust the president. i don't know what mary's talking about that the president has dragged his...
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crisis better, 49% support president obama and the democrats while only 25% support house speaker john boehner and the republicans. so if there's no deal and the tax hikes and spending cuts take effect, we feel the impact. christine romans sat down with this panel for a report on the bottom line. here's part of the conversation she had with a working mom, small business owner and a woman looking for work. >> i have a household to run. still have rent and bills to pay, and i need help. i need help. >> three kids? >> yeah. >> how old are your kids, 23, 18, and 11. >> what do you tell them when they see the economy in front of them and hear all this fighting in washington about the fiscal cliff. you've been looking for a job for more than six months now. are you more optimistic or less than things will turn around next year? >> i believe it's going to turn around. it will probably take a little time, but i think it will. >> you need the government to help now until that happens? >> yes, i definitely do. >> you just had a baby. congratulations. >> thank you. >> are you concerned about your kid's f
crisis better, 49% support president obama and the democrats while only 25% support house speaker john boehner and the republicans. so if there's no deal and the tax hikes and spending cuts take effect, we feel the impact. christine romans sat down with this panel for a report on the bottom line. here's part of the conversation she had with a working mom, small business owner and a woman looking for work. >> i have a household to run. still have rent and bills to pay, and i need help. i...